Philips to acquire Raytel

AuntMinnieEurope.com staff writers
Oct 3, 2007

Dutch industrial conglomerate Royal Philips Electronics plans to acquire Windsor, CT-based home cardiac monitoring services provider Raytel Cardiac Services from SHL Telemedicine, the company reported.

The $110 million deal will bring Raytel into the Philips Home Healthcare Solutions fold, and is a further step in the company's strategy of improving patient outcomes in specific healthcare areas such as cardiology, Philips said. Philips plans to grow Raytel by capitalizing on its relationships with 15,000 referring physicians and cardiologists who serve more than 200,000 patients each year.

By AuntMinnie.com staff writers
October 4, 2007

Related Reading

Philips to retool healthcare operations, September 14, 2007

Philips launches workstation for preclinical use, September 10, 2007

Philips chosen for telehealth contract, August 23, 2007

Philips to acquire Ximis, August 16, 2007

Philips shows upgraded radiation planning suite, July 24, 2007

Copyright © 2007 AuntMinnie.com

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